Soluto, a Tel Aviv, Israel-based developer of software that detects when a user is frustrated by his PC and tells him which application is causing it, has secured US$10.5m in Series B funding.
The round was led by Index Ventures, with participation from existing partners Bessemer Venture Partners, Giza Venture Capital, and Proxima Ventures.
The company intends to use the funds to create new products for PCs, expand its offerings to mobile platforms, as well as continue to develop its PC Genome knowledge-base.
In conjunction with the funding, Saul Klein, Partner at Index Ventures, will join Soluto’s board of directors.
Founded in 2007 by CEO Tomer Dvir and CTO Ishay Green, Soluto leverages statistical data provided by users to learn which actions really eliminate frustrations and improve their experience. All this data is gathered in a knowledge-base of frustrations and solutions (its PC Genome) built automatically through the usage of Soluto software.
The “Anti-Frustration Software” is a Windows application. The company currently offers three solutions focusing on the windows boot, web-browsers, and application crashes.
FinSMEs
24/06/2011